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Oct 6, 2012 12:00am PDT
. but in southwest virginia, romney fired back that the report does not portray a real recovery. >> the unemployment rate, as you noted, this year has come down very, very slowly. but it's come down, nonetheless. the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. so it looks like unemployment's getting better, but the truth is, if the same share of people were participating in the workforce today as on the day the president got elected, why, our unemployment rate would be around 11%. that's the real reality of what's happening out there. >> brown: in fact, total employment in september did increase, for the first time since june, by 873,000. but two-thirds of those were people who took part-time jobs when they could not find full- time work. today, some even questioned the accuracy of the data. on twitter, former general electric c.e.o. jack welch suggested the obama administration manipulated the numbers. but on cnbc, labor secretary hilda solis called that claim "ludicrous" and defended the bureau of labor statistics. >> y
Oct 5, 2012 6:30pm PDT
romney's signature stump speech about how long the unemployment rate has been above eight percent. >> the reason its come down this year is because more and more people have just stopped looking for work. >> tom: today's report actually showed people returned to the labor force in september. it's the first time since last october the unemployment rate fell while more people entered in the workforce. >> but today's news certainly is not an excuse to try to talk down the economy and score a few political points. it's a reminder that this country has come too far to turn back now. >> tom: only one more monthly job report remains before election day. and with such high stakes, former general electric c.e.o. jack welch stirred up controversy with this comment on twitter, accusing president obama's re-election campaign of essentially manipulating the report. - quote - unbelievable jobs numbers...these chicago guys will do anything..-end quote. the bureau of labor statistics is where the data comes from each month. it is a non-partisan government agency. meantime, the government red ink
Oct 3, 2012 6:30pm PDT
unemployment are not good for anyone in elected office and are are not good for anyone looking for a job either. >> susie: you know, tonight obviously in the debate president obama and governor romney will be talking about the job market do. you expect them to give any kind of plan to jolt the labor market and to get that unemployment rate down drastically? >> i think both candidates are likely to be somewhat vague in their discussion of proposals to great jobs. if i were asking the question, i think the one that i with like to hear answered most would be, what are you going to do about the approaching fiscal cliff if we go over the fiscal cliff, if we plunge over the highest bluff along the fiscal cliff, it's very likely the economy will fall into recession and the unemployment rate instead of being 8 at the end of next year will be above 9. so the first thing that any elected official needs to do in 2013 is prevent job losses by doing something about the fiscal cliff. >> susie: are you predicting a recession? >> no, we're not. we do think that in a crisis environment at the 11th hour, some so
Oct 6, 2012 1:00pm PDT
. but in the intervening 48 hours, been a lot of fact checking, some of the stuff that romney said, that's catching up to him and the job numbers have come out today. and those have been helpful to the president, a little pit, the unemployment rate dropped to 7.8%, the lowest since he's been president, and that helps. because the republicans have been saying the last three years, unemployment rate has been high and not dropping below 8%. so, this is sort of a symbolic victory. not going to move voters, but a symbolic victory for the president. >> belva: how was it covering it in this new era of instant messages for a reporter who is trying to get to the real news? >> well, you have -- there's something after the debate called spin alley. that's where all the folks, the operatives from the campaign will try and spin you, no matter what happens in the debate. oh, my candidate won, he was tremendous. but right -- with social media, people are watching the debate. they're on twitter, they're on facebook and forming their own narrative there. they are commenting. and now, there's a study that came out toda
Oct 4, 2012 6:30pm PDT
a romney or obama win would mean for the markets. also a lot of talk about minutes from the latest federal reserve meeting, and word that policymakers are considering numerical targets for unemployment as a guide for fed policy action. by the closing bell, the dow added about 81 points, the nasdaq rose 14, and a ten point gain on the s&p. joining us now to talk about all this, art hogan, managing director and strategist at lazard capital markets. you know on the floor a lot of the traders were calling this a romney raleigh. others say there were other factors, what were the message of the markets today? >> well, i tell you this, i think romney had a big part in this. the other piece was that the-- they came out and pretty positive commentary about what they are going to do about their monetary policy but if you look at how sectors mover today we saw a romney affect as you look at health care sectors and the hospitals in particular. >> susie: exactly there were some stock sectors that responded to what the candidate said in the debate last night. you talk about health-care stocks. let's tak
Oct 2, 2012 12:00am PDT
voters at a time when unemployment is 8.1% when the foreclosures are still a huge problem. it's an opening but not a game-changing kind of opening. >> i agree but if you're the romney campaign you look for any opportunity to put the president on the defensive and raise questions about him as a leader. that's what i think they're tryinged to do. >> woodruff: all right. well, we are delighted to have both of you back with us this monday night. stu rothenberg, susan page, thank you. >> brown: now, from the state of the race to one of the key issues. hari sreenivasan looks at what's at stake for one of the largest parts of the american health system: medicaid. >> another deep breath. sreenivasan: when many americans think of costly government programs, they often think of medicare. but medicaid, the nation's health insurance for low-income americans, actually covers more people. it covers children, the disabled and the elderly. here's how matt, who heads the national association of medicaid directors, explains it. >> it's incredibly important. we cover... medicaid covers 62 millio
Search Results 0 to 5 of about 6